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By now, you're probably maxed out with COVID news, but I want to remind you a simpler time: February. Since we have a small lag in real estate reporting, due to data getting processed and uploaded to the masses, my statistics blogs always report the previous month. Now, deep into March, amid a stock market collapse, a worldwide pandemic and social distancing, we can see what real estate in Nor…Read More
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The new buzzword this week is "social distancing" as a state of emergency was declared nationwide to combat the spread of the COVID19 pandemic. Most schools are taking an extended spring break, some workers are being told to work remotely, all sports have been suspended and social gatherings of 250 or more people are frowned upon. Chances are, you're avoiding most social engagements, staying i…Read More
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The Corona Virus continues to dominate the headlines as fears of an all-out global pandemic have begun to impact worldwide economics and the stock market. With any abrupt change like this, it can have an eventual affect on the real estate market. Although the effect of the virus’ long lasting impact on the market is yet to be seen, here’s how it can change how (and when) real estate is bought …Read More
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Two of the three markets I cover started off at a much better clip than 2019, while one (Loveland) kept an equal pace with sales from the previous year. January, traditionally a pretty slow month, was just the opposite in Fort Collins and Greeley. It's usually a slower month because the closings we see in January are a result of homes going under contract between Thanksgiving and Christmas, a …Read More
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According to the National Association of Realtors, most homeowners are sticking in their current home longer than ever before. In fact, nationwide we have seen homeowner tenure increases of 3 years since 2008. With the most recent national data available, in 2018, homeowner tenure reached a median value of 13 years. 13 years without a move sounds like an incredibly long time without a move, …Read More
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In a hugely connected world full of gurus, Chip and JoJo’s, multi-level marketing businesses and social media influencers, there are plenty of people that have the appearance of getting rich quickly. Every generation has had their different schemes and fads in gaining wealth. Truth be told, there are plenty of people who work very hard, do the right things, and make it to the top. But the storie…Read More
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Real estate 2019 finished strong in Northern Colorado, and while it is still considered a record breaking year, 2019 was finally the year we saw an end to the 6/7/8% gains in median value. Anecdotally, the market as a whole throughout Northern Colorado seemed to be as busy as ever, but prices just didn't creep up as fast as they have in the last 4 years. Sales held steady throughout the region…Read More
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Coming off of another very hot summer, sales across the Northern Colorado region (including the Fort Collins area, Loveland/Berthoud area and Greeley/Evans area) have largely remained consistent with the strong numbers hit in August of 2018. Just like we are often wading into the unknown in February and March, unsure how strong or weak the spring and summer season will be, in August and Septembe…Read More
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We're at the peak of the selling season and it's certainly a busy one. The homes closing in June and early July are the result of contracts written in May when the market begins to really cook. Typically, after school lets out, we see a fury of buy/sell activity and this year is no different. Every month, at least one area of the regions is hitting a new record value (Loveland/Berthoud &…Read More
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School is out, pools are open and summer is heating up! I cannot believe we are already into the meat of the selling season in Northern Colorado. In late 2018, several forecasters were predicting a bit of a slower season, but all signs are pointing to continued gains in appreciation as we head into the second half of the year. Buoyed by strong demand and continually declining interest rates, b…Read More
